Shares of embattled social-gaming company, Zynga Inc. (NASDAQ: ZNGA) rallied on Monday after the Company announced that it will slash another 1% of its workforce, shutter more offices to drive up the profitability. Meanwhile, the recent enacting of a law in Nevada which makes online betting legal in the state also helped the company to regain investors’ trust.
Month: February 2013
Micro-Caps on Watch; China Teletech Holding Inc. (CNCT), Green Innovations Ltd. (GNIN), Trulan Resources Inc. (TLAN)
Shares of China Teletech Holding Inc. (PINK: CNCT), a distributor and trader of rechargeable phone cards, cellular phones, and accessories in China, are soaring in trading today. At last check, CNCT shares were trading 32.04% higher at $0.375 on above average volume of 3.17 million. The stock hit an intra-day high of $0.37 earlier today. CNCT shares have gained more than 356% in the last three trading sessions.
Major Movers on February 25; ELN, DDD, HTZ, DDS
Shares of Elan Corporation Plc (ADR) (NYSE: ELN), a neuroscience-based biotechnology company, are soaring in trading today after the company received a takeover offer from Royalty Pharma.
Continue reading Major Movers on February 25; ELN, DDD, HTZ, DDS
Barnes & Noble Inc’s Chairman Contemplating Retail (bookstores) Division Buyout (BKS)
Barnes & Noble Inc.’s (NYSE: BKS) Chairman and biggest stakeholder, Leonard Riggio, has shown interest on buying out Company’s consumer book store chain division, possibly splitting the company into two.
Lowe’s Companies Shares Edge Higher after Q4 Results (LOW)
Shares of Lowe’s Companies Inc. (NYSE: LOW), the Mooresville, North Carolina-based home improvement retailer, have edged higher in pre-market trading today after the company reported its fourth-quarter financial results.
Continue reading Lowe’s Companies Shares Edge Higher after Q4 Results (LOW)
New York Times Received a Bid of More Than $100 Million for Boston Globe: The Wall Street Journal (NYT)
According to the Wall Street Journal, sources familiar with the matter said that last month, New York Times Company (NYSE: NYT) was offered a formal bid which valued its Boston Globe subsidiary over $100 million, with about a third of the value coming from buyers assuming some of the newspaper’s pension liabilities.
Aruba Swings to Profit in Q2, Shares Rally (ARUN)
Shares of Aruba Networks Inc. (NASDAQ: ARUN) rallied on Friday after the Wi-Fi equipment manufacturer reported that it swung into a profit in its fiscal second quarter thanks to favorable comparables from the last quarter when the company took huge one-time charge while robust demand for its wireless products also boosted the top line growth.
Continue reading Aruba Swings to Profit in Q2, Shares Rally (ARUN)
Micro-Caps on the Move; Medical Marijuana Inc. (MJNA), MediSwipe Inc. (MWIP), MultiCell Technologies Inc. (MCET)
Shares of Medical Marijuana Inc. (PINK: MJNA), a company engaged in the medical marijuana and industrial hemp markets, are soaring in trading today. At last check, MJNA shares were trading 22.07% higher 21.62% higher at $0.270 on volume of 20.89 million. The stock hit an intra-day high of $0.29 earlier today. Despite the sharp rise in trading today, MJNA shares have fallen more than 15% in the last three trading sessions.
Murphy Oil Director Buys 80,000 Shares (MUR)
Murphy Oil Corporation (NYSE: MUR) Director, Claiborne Deming recently bought 80,000 shares of MUR common stock in two separate transactions.
Continue reading Murphy Oil Director Buys 80,000 Shares (MUR)
Major Movers on February 22; WBMD, VOLC, ARUN, MRC
Shares of WebMD Health Corp. (NASDAQ: WBMD), a provider of health information services to consumers, physicians and other healthcare professionals, employers, are seeing a huge rally in trading today after the company reported its fourth-quarter financial results.
Continue reading Major Movers on February 22; WBMD, VOLC, ARUN, MRC